Wilmar Racing the Clock in Pursuit of Goodman Fielder

If Singapore’s Wilmar International wants to swallow fellow food producer Goodman Fielder, it will need to move fast, according to J.P.Morgan analyst Stuart Jackson.

Wilmar — which already owns a 10.1% stake in Goodman Fielder — said during its second quarter results briefing that it wanted to bid for the Australian company, but its planned offer price was too low. Goodman Fielder is currently worth 1.1 billion Australian dollars (US$1.16 billion).